tag:blogger.com,1999:blog-7884128379999766348.post1858120634722941939..comments2024-03-28T15:34:01.401-04:00Comments on Politics and its Discontents: Joseph Stiglitz On Income InequalityLornehttp://www.blogger.com/profile/15741324981120408977noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7884128379999766348.post-51814218466916966552013-09-13T15:56:12.345-04:002013-09-13T15:56:12.345-04:00I haven't yet read his book, Mound, but it sou...I haven't yet read his book, Mound, but it sounds as if he confirms that the marketplace and the tenets of unfettered free enterprise as the key to wealth are just another of the many myths that the corporate-dominated mainstream press foists upon us ceaselessly.Lornehttps://www.blogger.com/profile/15741324981120408977noreply@blogger.comtag:blogger.com,1999:blog-7884128379999766348.post-488349576054114882013-09-13T15:47:10.221-04:002013-09-13T15:47:10.221-04:00I don't know if you've read his book, Lorn...I don't know if you've read his book, Lorne, but his key point is that market forces have very little to do with equality. Instead it is almost all the product of legislation - tax deferrals, subsidies, grants, regulatory privileges and the transfer of natural capital at far below actual value if not simply free - that transfers wealth out of the blue and white collar classes and into the overstuffed pockets of the richest of the rich. Along with that transfer of unearned wealth passes social and political power.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.com